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Seoul, Taipei Advance a Day
After Most Asian Markets Fall

Updated April 26, 1997 3:51 a.m. ET

South Korean stocks surged on Saturday as the government's upcoming move to raise the limit on the number of shares foreign investors can hold in Korean companies continued to buoy market sentiment. Meanwhile, in Taiwan, shares gave back most of their early gains, but still managed to close higher for the sixth consecutive session.

On Friday, most of the key Asia-Pacific equities markets declined. In Tokyo, shares fell on news that the Ministry of Finance had ordered Nissan Mutual Life Insurance Co. to close down because of...